Community Healthcare Trust (NYSE:CHCT) Given a $19.00 Price Target by Truist Financial Analysts

Key Points

• Truist Financial has lowered its price target for Community Healthcare Trust from $23.00 to $19.00, while maintaining a "buy" rating, indicating a potential upside of 27.99% from the current price.
• Shares of Community Healthcare Trust traded at $14.85 with a 52-week range between $14.20 and $20.87, and the company recently reported earnings per share of $0.50, missing estimates by $0.04.
• Significant insider trading activity was noted, with Director Horn R. Lawrence Van purchasing 11,815 shares, increasing his ownership of the stock by 15.41%.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) has been given a $19.00 price objective by analysts at Truist Financial in a research note issued on Wednesday, MarketBeat.com reports. The brokerage currently has a "buy" rating on the real estate investment trust's stock. Truist Financial's target price would indicate a potential upside of 31.76% from the company's previous close.

Separately, Piper Sandler restated an "overweight" rating on shares of Community Healthcare Trust in a report on Monday, August 4th.

Community Healthcare Trust Stock Performance

Shares of NYSE:CHCT traded down $0.07 during midday trading on Wednesday, reaching $14.42. The company had a trading volume of 100,400 shares, compared to its average volume of 244,477. Community Healthcare Trust has a 1-year low of $14.20 and a 1-year high of $20.87. The firm has a market cap of $409.05 million, a price-to-earnings ratio of -36.97 and a beta of 0.69. The company has a fifty day simple moving average of $16.36 and a two-hundred day simple moving average of $17.18.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.04). The firm had revenue of $30.13 million for the quarter, compared to analysts' expectations of $30.22 million. Community Healthcare Trust had a negative return on equity of 1.59% and a negative net margin of 6.25%. Analysts expect that Community Healthcare Trust will post 1.85 EPS for the current year.

Insider Transactions at Community Healthcare Trust

In other Community Healthcare Trust news, Director Horn R. Lawrence Van acquired 11,815 shares of Community Healthcare Trust stock in a transaction on Wednesday, May 28th. The shares were purchased at an average cost of $16.37 per share, with a total value of $193,411.55. Following the completion of the purchase, the director owned 88,502 shares in the company, valued at $1,448,777.74. The trade was a 15.41% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.10% of the company's stock.

Institutional Investors Weigh In On Community Healthcare Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHCT. Anchor Investment Management LLC bought a new stake in shares of Community Healthcare Trust during the 1st quarter worth about $38,000. Quarry LP acquired a new position in Community Healthcare Trust during the 4th quarter worth approximately $88,000. Quantbot Technologies LP acquired a new position in Community Healthcare Trust during the 2nd quarter worth approximately $114,000. GAMMA Investing LLC increased its position in Community Healthcare Trust by 2,866.5% during the 1st quarter. GAMMA Investing LLC now owns 6,556 shares of the real estate investment trust's stock worth $119,000 after purchasing an additional 6,335 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Community Healthcare Trust during the fourth quarter valued at $163,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (the Company'', we'', our'') was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.